CentreCourt sold out 8 Wellesley, a 55-storey, 599-unit tower slated for occupancy in 2025; a record for the GTA. This is a sign that Torontonians and investors alike believe we'll get past COVID.
Here are expert tips from advice for first-time investors to diversifying your investment.
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Chrystia Freeland's first budget is as promised. In more than two years, the first federal budget extends Ottawa’s COVID-19 “lifeline” for workers and struggling businesses another few months.
This new platform helps first-time homebuyers connect with local realtors who can help them navigate the market. It will be a great platform to help realtors find quality leads.
Mortgage broker Daniel Johanis says affordability on mortgages originated with the Big Five will decline as the OSFI implements another stress test that will take effect as of June 1.
A decrease in vehicle ownership and increases in driving alternatives like ride-sharing and public transit has resulted in reduced need for parking spaces by residents who buy units in new developments.
Parental assistance with living-inheritances is the No. 1 factor pushing up the prices in Canada’s largest urban markets. The gift of a down payment from boomer parents enables them to enter markets.
If the bank regulator has its way, this rate will increase to 5.25%, which will, on average, reduce the maximum qualifying amount for a mortgage by approximately 5%.
Listings declined by 12% from Q4-2020 and brought the ratio of quarterly condo leases-to-listings to 61%—the highest since the COVID-19 pandemic struck in March of last year.
The government is introducing a 1% tax on non-residents that’s believed will generate $700 million in revenue through four years beginning in 2022-23, but will it really make a difference?
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